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It is important to protect the future of your loved ones while you work to achieve your dreams. Life is unpredictable, and in case you, being the sole bread provider in your family, happen to be critically injured, get diagnosed with a serious health condition, or at worse meet your death, you would not want your family to suffer financially. Thus, it is always recommended that you purchase a term insurance plan or a protection plan which ensures that your loved ones are able to take care of their day-to-day needs regardless of whether you are there with them or not.
Hence, DHFL Pramerica Life Insurance Company offers you a host of term insurance and protection plans which you can choose from based on your age, income, needs, financial liabilities, etc. We will have a look at the term insurance plans provided by the insurance company.
This is a monthly benefit term insurance plan which takes care of your loved ones’ financial needs regardless of whether you are with them or not. This plan ensures that it provides protection to your family during the financial gaps in their lives.
Minimum | Maximum | |
Age of entry | 18 years | 50 years |
Benefit expiry age | NA | 65 years |
Policy term | 10 years | 30 years |
Monthly benefit income | Rs.4,000 | No limit |
Premium | Rs.2,000 if the mode of premium payment is quarterly, half-yearly, or yearly. Rs.2,400, if the mode of premium payment is monthly. | No limit |
Premium payment mode | Monthly, quarterly, half-yearly, or yearly | |
Premium payment option | Regular pay |
Some of the benefits offered by this plan are:
This is another term insurance plan offered by DHFL Pramerica Life Insurance. It provides you and your loved ones with a protective cover in an economical manner. The plan also offers a regular monthly income so that your loved ones could take care of their day-to-day needs regardless of whether you are around or not. This plan also offers attractive premium rates for both men and women.
Minimum | Maximum | |
Age of entry | 18 years | 55 years |
Benefit expiry age | NA | 65 years |
Policy term | 5 years | 30 years |
Monthly family income | Rs.2,000 | No limit |
Premium | The premium will depend on your selected monthly income, subject to a minimum of Rs.1,000 if the mode of premium payment is quarterly, half-yearly, or yearly. In case of monthly mode, minimum premium payable will be Rs.1,200. | |
Premium payment mode | Monthly, quarterly, half-yearly, or yearly | |
Premium payment option | Regular pay |
Some of the benefits that you will get to enjoy on purchasing the DHFL Pramerica Income Plan are:
This is a protection plan offered by DHFL Pramerica Life Insurance and it aims to protect the future of your loved ones in your absence. One of the highlights of this plan is that the premiums paid by you are returned to you, in case you do not file any claims during the period when your policy is in force.
Entry age | Minimum | 18 years | ||||||||||
Maximum | If the policy term is 10 years: 55 years If the policy term is 15 years: 50 years If the policy term is 20 years: 45 years | |||||||||||
Maturity age | 65 years | |||||||||||
Policy term | 10 years, 15 years, or 20 years | |||||||||||
Premium payment term | Policy term | Premium payment term | ||||||||||
10 years | Single pay or 5 years | |||||||||||
15 years | Single pay or 7 years | |||||||||||
20 years | Single pay or 10 years | |||||||||||
Base sum assured |
Minimum: Rs.5 lakh Maximum: Rs.50 crore |
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Premium payment mode | Single, annual, or monthly | |||||||||||
Minimum annual premium |
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Some of the benefits provided under this particular plan are:
Death benefit: In case of your unfortunate death, the beneficiary will be paid a lump-sum amount called the death benefit.
The beneficiary is also eligible to receive extra death benefits as Additional Shield Cover provided that you have paid all the premiums. There are couple of options of which you can choose any one. The options are:
The minimum death sum assured that the beneficiary will receive in case of your demise is:
If you have availed the limited pay option, then the minimum death sum assured that the nominee will receive will be the highest of:
If you have availed the single pay option, the minimum death sum assured that the nominee will receive will be the highest of:
Maturity benefit: You will receive an amount called the maturity sum assured in case you survive the policy tenure.
Premium payment option | Maturity sum assured |
Limited pay | The total premium payable |
Single pay | Single premium |
This is a term insurance plan which ensures that your loved ones do not face any financial problems and
lead a comfortable life even if you are not around with them in future. The plan offers lower premiums
to you if you do not smoke, and attractive premium rates for both men and women. Apart from that, this particular plan also offers you the option of enjoying various tax benefits as well.
Age of entry | Minimum: 18 years; Maximum: 55 years |
Maximum age when the policy expires | 65 years |
Policy term | 10 years to 30 years |
Sum assured | Minimum: Rs.25 lakh; Maximum: No limit |
Premium payment term | Regular |
Premium payment mode | Half-yearly or yearly |
Minimum annual premium | Rs.4,000 |
Some of the benefits that you will receive under this plan are:
These are some of the term/protection plans offered by DHFL Pramerica Life Insurance. Before you purchase any of these insurance plans for yourself, you must be sure about your needs and future requirements. Once you know which one among these plans will be suitable for you, you can go ahead and purchase the plan for yourself.
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